Summit Retirement - Central Virginia

  2013 Fee Schedule

Four Guarantees of Your Entrance Fee at The Summit

  1. Lifetime use of your apartment or Garden Home and community areas
  2. Estate protection through the 90% refundable entry fee plan and discounted costs of future healthcare, if needed
  3. Priority access to private quality health care provided by “people you know and who know you”
  4. The Summit will do everything possible to ensure that no resident will be asked to leave due to financial hardship beyond their control

Entrance Fee Options - Declining Refund and 90% Refund

Declining Refund - The amount of the refund will be reduced for each month or partial month of occupancy at the rate of two percent (2%) of the entrance fee per month until the balance is zero. The entrance fees and monthly service fees for The Summit are:

Garden Homes Sq.Ft./
Unit
Single
Mo. Fee
Couples
Mo. Fee
Declining
Entrance Fee
Triplex A - The Chesapeake 1,362 $2,465 $3,149 $195,442
Triplex B - The Cumberland 1,325 $2,456 $3,149 $181,570
Single - The Shenandoah-1 car garage 1,634 $2,632 $3,325 $236,006
Single - The Shenandoah-2 car garage 1,634 $2,632 $3,325 $244,610
Independent Living Apartments Sq.Ft./
Unit
Single
Mo. Fee
Couples
Mo. Fee
Declining
Entrance Fee
One Bedroom - The Poplar 732 $1,995 $2,688 $98,336
One Bedroom, Den - The James 925 $2,099 $2,792 $132,753
One Bedroom, Den - The Birch 933 $2,194 $2,887 $131,524
Two Bedrooms - The Peaks of Otter 1,081 $2,246 $2,939 $172,456
Two Bedrooms - The Magnolia 1,124 $2,407 $3,100 $179,340
Two Bedrooms, Den - The Chestnut 1,273 $2,442 $3,135 $190,526
Two Bedrooms, Den - The Skyline 1,418 $2,511 $3,204 $210,070

Second Person Entrance Fee (non-refundable): $6000

90% Refund - The amount of the refund will be reduced for each month or partial month of residency at the rate of two percent (2%) of the entrance fee per month (first five months) until the balance is equal to 90% of the entrance fee paid. The entrance fees and monthly service fees for The Summit are:

Garden Homes Sq.Ft./
Unit
Single
Mo. Fee
Couples
Mo. Fee
90% Refund
Entrance Fee
Triplex A - The Chesapeake 1,362 $2,456 $3,149 $351,796
Triplex B - The Cumberland 1,325 $2,456 $3,149 $290,513
Single - The Shenandoah-1 car garage 1,634 $2,632 $3,325 $424,811
Single - The Shenandoah-2 car garage 1,634 $2,632 $3,325 $440,299
Independent Living Apartments Sq.Ft./
Unit
Single
Mo. Fee
Couples
Mo. Fee
90% Refund
Entrance Fee
One Bedroom - The Poplar 732 $1,995 $2,688 $177,005
One Bedroom, Den - The James 925 $2,099 $2,792 $238,956
One Bedroom, Den - The Birch 933 $2,194 $2,887 $236,744
Two Bedrooms - The Peaks of Otter 1,081 $2,246 $2,939 $310,422
Two Bedrooms - The Magnolia 1,124 $2,407 $3,100 $322,812
Two Bedrooms, Den - The Chestnut 1,273 $2,442 $3,135 $342,946
Two Bedrooms, Den - The Skyline 1,418 $2,511 $3,204 $378,126

Second Person Entrance Fee (non-refundable): $6000

The Summit
1400 Enterprise Drive, Lynchburg, Virginia 24502
(434) 582-1500 | toll-free (866) 316-5900 | janna.bradley@centrahealth.com

© Copyright 2003-2007 The Summit
Equal Housing Opportunity
Equal Housing Opportunity